News and Information from Bond Buyer

The municipal bond market is in for a sleepy Thanksgiving holiday week with a small slate of supply ahead as trading activity is confined to two and a half days.

Industrial production grew 0.1% in October, the Federal Reserve reported Friday.

Federal Reserve Vice Chair Richard Clarida said the Fed needs to rely on data since rates are now in the “vicinity” of neutral.

Christian Sobrino Vega, the commonwealth’s representative to the Puerto Rico Financial Oversight and Management Board, made clear in an interview with The Bond Buyer that the commonwealth has not and will not intermingle federal disaster aid with debt payments to the island’s bondholders.

New York service sector activity “expanded modestly” in November, according to the Federal Reserve Bank of New York's Business Leaders Survey, released Friday.

Chicago came to market Thursday with its two-week delayed sales tax securitization bonds.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.28% from 4.33% the week before.

S&P Global Ratings now rates New York personal income tax and sales tax bonds AA-plus.

The Senate's approval of the Kansas banking commissioner leaves the board with two remaining seats to fill as the administration's nominees for the vacancies await votes.

The board wants to avoid invoking its power to force spending cuts to pay for the expected annual payment to government workers.

Platte County's lawsuit is the latest turn in its efforts to shed its obligation to repay bonds for a struggling shopping center.

A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

The Federal Reserve announced it will review monetary policy strategies, tools, and communication practices next year.

Voters appear to have rejected $8.9 billion water bond measure only five months after approving a $4 billion water bond.

Sycamore Advisors taps muni veterans Dominick Setari and Chris Valentino to help build its Northeast muni business.

Fitch Ratings dropped the South Carolina utility’s rating two notches to A-minus and revised the outlook to negative, citing a legal claim by its largest customer.

Monetary policy is near a neutral level, one that neither stimulates nor restricts economic growth, according to Federal Reserve Bank of Atlanta President Raphael Bostic, who noted that caution should be used going forward.

Chicago is heading to market Thursday with a scaled-down version of sales tax securitization bonds.

A new algorithm is used to examine retail markups to determine the impact of the disclosure rule.

The deal allows the authority to exit a 280-year lease and take ownership of the station, the Hudson Line and the Harlem Line.